Original post provided by binary-options-trading-platforms.com.
Just like any other online industry, the online trading in general and binary options
trading in particular are based on reliable brokers, but there also are a small
percentage of scams. For beginners or non-professional traders can be rather
difficult to make the difference between the safe platforms and the fraudulent
Especially for them, here we have some tips on how
to stay away from scammers:
- Read reviews from different sources. There are
plenty websites promoting various trading platforms so browse several of them
to decide what brokers are reliable.
- Check out the license of the binary option
platform. Usually the scams are not licensed or they are licensed by doubtful
- Read the terms and conditions. The terms and
conditions will tell you exactly what are the risks, the fees and the
commissions to be paid so you will know what to expect. Remember that online
trading implies high risks so even if you trade options using a trustable
binary broker, be careful not to invest more than you can afford to lose.
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